[Commonwealth Bank of Australia Forecasts U.S. CPI: Core Inflation May Exceed Market Consensus Expectations] Reported by Golden Finance, on May 12, the market broadly expects CPI data to reinforce the view that the Federal Reserve will maintain interest rates unchanged in the short term. Traders have ruled out the possibility of rate cuts this year; prior to the outbreak of the Iran war, two rate cuts were anticipated. Commonwealth Bank of Australia foreign exchange strategist Sarah Hammoud stated: 'The risk lies in the spillover effects of energy prices on other costs such as airfare and food, which may cause U.S. core inflation to exceed market consensus expectations. If U.S. core inflation exceeds expectations, it will drive up U.S. yields and the U.S. dollar exchange rate.' (Jin10)